QUESTION: 41

Refer to the Exhibit.

A company has the following chart of accounts:

The sales director of the northern region wants to know what the total sales of widgets are for the first quarter of the year.

Which code would he request for his report?

100
800
100800
800100

Answer(s): C

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QUESTION: 42

Refer to the Exhibit.

Which of the following items should be included in the valuation of inventory in a manufacturing company?

A, C and F
B, D and E
A, C, D and E
B, D, E and F
A, C, D, E and F
A, B, D, E and F

Answer(s): E

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QUESTION: 43

The valuation of inventory in a manufacturing company will consist of:

Direct material and direct labor only
Direct material, direct labor and direct expenses only
All direct costs plus a share of production overheads
All direct costs plus a share of production and non-production overheads

Answer(s): C

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QUESTION: 44

Fraud will only be prevented successfully if potential fraudsters perceive the risk of
detection as high.

Which THREE of the following are ways to prevent fraud?

Sufficient internal control systems
Computerized accounting systems
Continuous supervision of all employees
Regular reconciliations
Surprise audit visits
Maintaining books of prime entry

Answer(s): A,C,E

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Free CIMA BA3 Exam Braindumps (page: 12)

QUESTION: 41

QUESTION: 42

QUESTION: 43

QUESTION: 44

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